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Stewart Reed Biography and Net Worth

Director of Omega Flex

Stewart E. Reed serves as Independent Vice Chairman of the Board of the Company. Mr. Reed has served as the Chairman and Chief Executive Officer of Mestek, Inc., the Company’s former parent corporation. From 2009 to 2013, he was Mestek, Inc.’s Vice Chairman and Chief Operating Officer. Mr. Reed has extensive knowledge and experience in managing and leading large manufacturing enterprises supplying the HVAC industry in which most of our products are distributed, and in corporate finance and accounting, and he is also a significant shareholder of the Company. Mr. Reed is a Class 1 director with a term expiring at the annual meeting of shareholders in 2021.

What is Stewart B. Reed's net worth?: The estimated net worth of Stewart B. Reed is at least $34.52 million as of March 26th, 2021. Mr. Reed owns 810,404 shares of Omega Flex stock worth more than $34,523,210 as of December 24th. This net worth estimate does not reflect any other assets that Mr. Reed may own. Learn More about Stewart B. Reed's net worth.
How do I contact Stewart B. Reed?: The corporate mailing address for Mr. Reed and other Omega Flex executives is 451 CREAMERY WAY, EXTON PA, 19341. Omega Flex can also be reached via phone at (610) 524-7272. Learn More on Stewart B. Reed's contact information.
Has Stewart B. Reed been buying or selling shares of Omega Flex?: Stewart B. Reed has not been actively trading shares of Omega Flex over the course of the past ninety days. Most recently, Stewart B. Reed sold 40,517 shares of the business's stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $137.72, for a transaction totalling $5,580,001.24. Learn More on Stewart B. Reed's trading history.
Who are Omega Flex's active insiders?: Omega Flex's insider roster includes Mark Albino (President), and Stewart Reed (Director). Learn More on Omega Flex's active insiders.

Stewart B. Reed Insider Trading History at Omega Flex

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
2/23/2022	Sell	40,517	$137.72	$5,580,001.24
3/26/2021	Sell	34,483	$145.00	$5,000,035.00	810,404
3/12/2021	Sell	25,000	$151.00	$3,775,000.00	844,887

Stewart B. Reed Buying and Selling Activity at Omega Flex

Omega Flex Company Overview

Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America and internationally. It offers flexible gas piping for use in residential and commercial buildings; fittings; containment pining; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities. The company sells its products under the TracPipe, CounterStrike, AutoSnap, AutoFlare, DoubleTrac, DEF-Trac, and MediTrac brand names. It serves various markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. The company sells its products through independent sales representatives, distributors, fabricating distributors, wholesalers, original equipment manufacturers, and direct sales, as well as through its website. The company was formerly known as Tofle America, Inc. and changed its name to Omega Flex, Inc. in 1996. Omega Flex, Inc. was incorporated in 1975 and is based in Exton, Pennsylvania.

Today's Range

Now: $42.60

$41.86

$42.60

50 Day Range

MA: $49.29

$40.99

$56.53

2 Week Range

Now: $42.60

$40.38

$80.55

Volume

9,593 shs

Average Volume

20,526 shs

Market Capitalization

$429.83 million

P/E Ratio

23.54

Dividend Yield

3.32%

Beta

0.37